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The combined average U.S. sales tax rate rose for the first time in four years to a 10-year high of 10.1881%, according to a new report.
Twenty states have sales tax holidays on the books in 2026, two more than last year. The combined annual cost to state and local budgets this year is estimated to be around $600 mi...
Over time, some states have slashed corporate and personal income taxes while also raising the sales tax rate. In 11 states, “all three of those things have happened,” said Sarah A...
It’s back-to-school time again, and for many families it’s time to start planning shopping trips to stock up on supplies and new clothes for the coming year. For many states, this...
Twenty states have sales tax holidays in 2026. These sales tax holidays will cost states and localities nearly $600 million in lost revenue this year, and they're poorly targeted a...
See how lifetime taxes vary by state, from $509,000 in Florida to more than $1.35 million in New Jersey.
Collecting and paying taxes aren’t favorite topics among businesses. State sales tax can mean extra time and work for business owners. If you operate in a state that requires sal...
On June 29, 2026, Gavin Newsom signed SB 122. Effective January 1, 2027, California sales and use tax applies to prewritten software and SaaS, however it’s delivered. Downloaded, s...
(The Center Square) – Louisiana finished the first full fiscal year under its 2024 tax overhaul with major state revenues down $934 million from the previous year. Higher sales tax...
Every year I end up re-Googling "what's California's sales tax this year" or "is grocery taxed in Texas" and landing on a fragmented mix of state revenue PDFs, outdated Wikipedia t...
Where America's biggest cities get their tax revenue Markers are colored by each city's dominant local tax. Click for the full breakdown....
The highest state tax on cigarettes is levied by New York at $5.35 per pack of 20. The next highest tax jurisdiction is the District of Columbia at $5.07 per pack of cigarettes, fo...
However well-intended they may be, sales tax holidays remain the same as they always have been—ineffective and inefficient.
As the market share of electric vehicles (EVs) on the road grows, the gas tax’s ability to fund road projects and decrease traffic congestion erodes. Both federal and state real ta...
Net GST revenue grows 18% as compliance, enforcement and economic activity improve
As back-to-school shopping season begins across the country, the Institute on Taxation and Economic Policy has released a new brief examining the costs and effectiveness of state s...
Since 1990, state lawmakers have cut top personal and corporate income tax rates far more often than they have raised them, shifting more responsibility onto working families State...
As many voters clamor for higher taxes on the ultrawealthy and corporations, many states have moved in the opposite direction: lowering taxes on high earners and raising them on ev...
Gujarat and Karnataka have managed to grow their GST collections faster. at 28 per cent and 23 per cent, respectively, compared to Maharashtra, Tamil Nadu and Uttar Pradesh, among...
One of the biggest challenges financial teams face today is determining where they have nexus — where exactly they need to collect sales tax.
PARAGOULD — It was the proverbial see-saw in July as Greene County officials saw a small increase in sales tax revenue, while their state counterparts started the fiscal year with...
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